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NoSQL Market Research Report: Information By Type (Key-Value Store, Document Database, Column Store, Graph Database), by Application (Data Storage, Mobile Apps, Data Analytics, Web Apps, Others), by Industry Vertical (Retail, Gaming, IT, Others), And By Region (North America, Europe, Asia-Pacific, And Rest of The World) –Market Forecast Till 2032.

ID: MRFR/ICT/19863-CR | 128 Pages | Author: Shubham Munde| March 2024

NoSQL Market Overview

NoSQL Market Size was valued at USD 7.1 Billion in 2022. The NoSQL Market industry is projected to grow from USD 9.1 Billion in 2023 to USD 67.82 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 28.50% during the forecast period (2023 - 2032). The exponential growth in user-created content, supported by factors such as the rising influence of social media, easy access to smartphones, and increasing internet penetration is expected to be a significant market driver for the NoSQL Market.

Figure 1: NoSQL Market Size, 2023-2032 (USD Billion)


NoSQL Market Overview

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

NoSQL Market Trends

Rising demand for data analytics and the rise in unstructured data are driving the market growth

Market CAGR for NoSQL is driven by the rising demand for data analytics and the rise in unstructured data. The increasing demand for data analytics to analyze data generated in various processes underscores the importance of extracting crucial business insights, driving the market's expansion. Effective database technology is essential for data analysis, and NoSQL serves this purpose for unstructured data by offering support for moderate data analytics. The need for data analytics, particularly for unstructured data, is anticipated to grow further. Furthermore, the big data market has witnessed significant growth in recent years. For example, the surge in the volume of connected IoT devices is attributed to the increasing adoption of Machine Learning (ML) algorithms, the Internet of Things (IoT), and Artificial Intelligence (AI). According to the International Data Corporation (IDC), 152,200 IoT devices are projected to connect per minute by 2025. Businesses are adapting their digital strategies to operate efficiently in this dynamic environment amid the pandemic. In July 2020, KPMG surveyed 780 digital transformation strategy leaders across 12 industries in 10 countries, revealing that 67% accelerated their digital transformation strategy, and 63% increased their digital transformation budget due to COVID-19. Conventional database technology, such as RDBMS, is inadequate for storing and analyzing large volumes of big data. However, Hadoop and NoSQL solutions have emerged as the most suitable technologies for big data management

The exponential growth of unstructured and semi-structured data, including blogs, files, games, and others, has become increasingly prominent in recent years. This type of data is often in the form of objects with data structures. Standard SQL queries are impractical for analyzing such object-oriented data structures. Moreover, there is a lack of strict consistency among different objects related to the same applications. Maintaining consistency among data attributes is crucial for storing data in a traditional RDBMS format. NoSQL solutions effectively address the challenges associated with unstructured or semi-structured data. These solutions preserve the agility of data structures while utilizing minimal storage space. Additionally, NoSQL solutions prove valuable for analyzing stored data. Consequently, the growing prevalence of unstructured or semi-structured data is a key driver for the adoption of NoSQL.

As a result, it is anticipated that throughout the projection period, demand for the NoSQL Market will increase due to the Rising Demand for Data Analytics and the Rise in Unstructured Data. Thus, driving the NoSQL Market revenue.

NoSQL Market Segment Insights

NoSQL Market Type Insights

The NoSQL Market segmentation, based on Type includes Key-Value Store, Document Database, Column Based Store, and Graph Database. The Key-Value Store segment dominated the market, accounting for 58% of market revenue (4.1 Billion). This is attributed to the key-value segment's high scalability and its capability to support multiple data models on a single database, ensuring faster access, which will continue to drive its widespread application.

Figure 1: NoSQL Market, by Type, 2022 & 2032 (USD Billion)

NoSQL Market, by Type, 2022 & 2032.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

NoSQL Market Application Insights

The NoSQL Market segmentation, based on Application includes Data Storage, Mobile Apps, Data Analytics, Web Apps, and Others. The Web Apps segment dominated the market, accounting for 58% of market revenue. NoSQL databases are recognized for their scalability in both horizontal and vertical dimensions. In the realm of web applications, where workloads can be unpredictable and dynamic, the capability to effortlessly scale databases to handle increasing data volumes and user interactions is essential, and NoSQL databases demonstrate exceptional proficiency in delivering such scalability.

NoSQL Market Industry Vertical Insights

The NoSQL Market segmentation, based on Industry Vertical includes Retail, Gaming, IT, and Others. The Retail segment dominated the market, accounting for 60% of market revenue. The retail sector gathers customer data from various transactions initiated at stores, and NoSQL proves instrumental in efficiently storing and organizing this customer data within the retail store database. NoSQL databases offer greater flexibility in data modeling and, simultaneously, exhibit superior performance compared to relational databases.

NoSQL Market Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The anticipated expansion of the NoSQL market in North America can be attributed to several key factors. The emphasis on regulatory compliance solutions for data privacy and security is a key driver for the NoSQL market's growth in North America. The region places importance on addressing concerns related to data privacy, with 75% of Americans expressing awareness of potential cyber threats. Despite this awareness, there exists a gap between knowledge and action, as only 64% use tools to protect online privacy, and merely 56% feel in control of their data. The presence of prominent companies like Cassandra, Couchbase, Amazon, and Neo Technologies in North America, coupled with heightened awareness among users about the advantages of NoSQL technology, fuels the increasing adoption of NoSQL solutions.

Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.



Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's NoSQL Market accounts for the second-largest market share as the presence of numerous companies like TIMi, QuerySurge, ScaleGrid, SolarWinds, and Tibero with offices in the European region contributes to its prominence in the adoption of NoSQL solutions. A significant proportion of startup enterprises in Europe are actively embracing NoSQL solutions to meet the dynamic demands of consumers. The implementation of NoSQL solutions is particularly evident in updating multiple databases, especially for government users. Further, the German NoSQL Market held the largest market share, and the UK NoSQL Market was the fastest-growing market in the European region

The Asia-Pacific NoSQL Market is expected to grow at the fastest CAGR from 2023 to 2032. Several prominent online social platforms like LINE, GREE, and HIKE, originating in Asian countries, are adopting graph NoSQL as their backend technology. Notably, Couchbase, a well-established NoSQL database provider, is poised to allocate a portion of its $25 million investment raised in 2013 for expansion in Japan and Korea, along with establishing new offices in China and India. Additionally, KDDI, a leading Japanese telecom operator, strategically employs NoSQL technology to manage its cloud services platform. MongoDB has lent its support to the ambitious Government of India project, 'Aadhar.' The primary suppliers in the NoSQL industry are strategically positioning their products to cater to the expected substantial growth in the Asian market. Moreover, China’s NoSQL Market held the largest market share, and the Indian NoSQL Market was the fastest-growing market in the Asia-Pacific region.

NoSQL Market Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the NoSQL market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the NoSQL industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the NoSQL industry to benefit clients and increase the market sector. In recent years, the NoSQL industry has offered some of the most significant advantages to the data management landscape. Major players in the NoSQL Market, including Couchbase Inc., Oracle Corporation, ScyllaDB, Inc., Riak, Aerospike Inc., IBM Corporation, Objectivity, Inc., Neo4j, Inc., The Apache Software Foundation, Progress Software Corporation are attempting to increase market demand by investing in research and development operations.

Couchbase Inc. is a leading provider of enterprise solutions, offering a range of cloud services including legacy modernization, edge computing, IoT data management, catalog and inventory solutions, customer 360, and analytical solutions. The company specializes in NoSQL technology, and its Couchbase Data Platform includes an open-source framework. Couchbase delivers both Couchbase Server and Couchbase Mobile as part of its comprehensive platform. Focused on providing agility, manageability, and high performance, Couchbase aims to enhance personalized customer experiences. The company serves various industries, including financial services, healthcare, energy and utilities, government, manufacturing and logistics, telecommunications, media and entertainment, travel and hospitality, and gaming. With operations in India, the US, and the UK, Couchbase is headquartered in Santa Clara, California, USA. In July 2021, Couchbase introduced an updated NoSQL database, incorporating new features designed to bridge the gap between NoSQL and relational databases.

Oracle Corporation, known as Oracle, is a prominent provider of cloud-based solutions tailored for enterprises. The company delivers a comprehensive range of services, encompassing database and middleware software, application software, cloud infrastructure software, and hardware systems. Its offerings extend to integrated cloud solutions, including Infrastructure-as-a-Service (IaaS) and Software-as-a-Service (SaaS). Oracle facilitates the acquisition of licenses for on-premises new software, updates licenses, and provides associated support solutions. Marketing its solutions through independent software and hardware vendors, system integrators, and resellers, Oracle's on-premises portfolio covers hardware, servers, storage, networking, and industry-specific products, along with related support and services. Operating globally, Oracle's presence spans the Americas, Europe, the Middle East, and Asia-Pacific. The company's headquarters is located in Austin, Texas, USA. · In January 2022, Oracle programs (including any operating system, integrated software, any programs embedded, installed, or activated on delivered hardware, and modifications of such programs) and Oracle computer documentation are accessed by the U.S. Government to the applicable Federal Acquisition Regulation and agency-specific supplemental regulations.

Key companies in the NoSQL Market include

  • Couchbase Inc

  • Oracle Corporation

  • ScyllaDB, Inc

  • Riak

  • Aerospike Inc

  • IBM Corporation

  • Objectivity, Inc

  • Neo4j, Inc

  • The Apache Software Foundation

  • Progress Software Corporation

NoSQL Industry Developments

July 2022: In July 2022, ScyllaDB unveiled ScyllaDB V, the latest version of its exceptionally fast and scalable NoSQL database tailored for data-intensive applications demanding high speed and low latency.

December 2022: In December 2022, ScyllaDB disclosed remarkable NoSQL performance achievements on the recently launched AWS 14i instances, leveraging the 3rd Gen Intel Xeon Scalable processors featuring an all-core turbo frequency of 3.5 GHz.

NoSQL Market Segmentation

NoSQL Market Type Outlook

  • Key-Value Store 

  • Document Database 

  • Column Based Store 

  • Graph Database

NoSQL Market Application Outlook

  • Data Storage

  • Mobile Apps

  • Data Analytics

  • Web Apps

  • Others

NoSQL Market Industry Vertical Outlook

  • Retail

  • Gaming

  • IT

  • Others

NoSQL Market Regional Outlook

  • North America

  • US

  • Canada

  • Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Attribute/Metric Details
Market Size 2022 USD 7.1 Billion
Market Size 2023 USD 9.1 Billion
Market Size 2032 USD 67.82 Billion
Compound Annual Growth Rate (CAGR) 28.50% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Application, Industry Vertical, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Couchbase Inc., Oracle Corporation, ScyllaDB, Inc., Riak, Aerospike Inc., IBM Corporation, Objectivity, Inc., Neo4j, Inc., The Apache Software Foundation, Progress Software Corporation
Key Market Opportunities Growing adoption of Big Data Analytics
Key Market Dynamics The enterprise-wide rise in emphasis on multi-model and serverless database

Frequently Asked Questions (FAQ) :

The NoSQL Market size was valued at USD 7.1 Billion in 2022.

The NoSQL Market is projected to grow at a CAGR of 28.50% during the forecast period, 2023-2032.

North America had the largest share of the market

The key players in the market are Couchbase Inc., Oracle Corporation, ScyllaDB, Inc., Riak, Aerospike Inc., IBM Corporation, Objectivity, Inc., Neo4j, Inc., The Apache Software Foundation, Progress Software Corporation

The Key-Value Store segment dominated the market in 2022.

The Retail segment had the largest share in the market.

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